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Queensland LNG under pressure to cut exports

Australia's federal government is putting pressure on Queensland’s LNG producers to cut back on exports to ensure there is enough gas for domestic needsAustralia's federal government is putting pressure on Queensland’s LNG producers to cut back on exports to ensure there is enough gas for domestic needs.

Santos’s Gladstone LNG is one of the facilities under pressure from the Aussie government to cut exports. (Santos)

Queensland’s LNG exporters are under pressure from the federal government to voluntarily cut back on shipments to ensure enough gas for the needs of eastern Australia.

However, analysts have said the threats have no legal basis, meaning exporters are unlikely to ramp down output unless policies are put in place to require them to do so – something that could threaten Australia’s reputation as a stable destination for investment.

The government has the power to tackle the issue, but this would require Prime Minister Malcolm Turnbull “to...

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